Russia-Ukraine conflict: An overview of what crypto-investors should know
As Ukraine reports the country is being invaded, Russia claimed it was carrying out a “special military operation.” However, with civilians hearing explosions in Ukraine, the world is on high alert and crypto investors are wondering whether this conflict will bleed out their portfolios.
Here is what you need to know.
At press time, Bitcoin [BTC] had fallen below the $35,000 mark and was trading at $34,777.65. This was after the king coin fell by 8.50% in the last 24 hours and lost 20.30% of its value in the past week. Meanwhile, Ether [ETH] was changing hands at $2,343.95, after losing 11.89% of its value in the past 24 hours alone.
At the last count, the Bitcoin Fear and Greed Index showed that the market was in a state of extreme fear.
Adding to that, Santiment’s analysis of data from social media platforms showed that though altcoins were also sliding into the red, investors didn’t seem keen to declare that they were going to “buy the dip.” Attributing this to FUD, Santiment suggested it could be a good sign for more bullish traders, as bears may not drag the bottom even lower.
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